Amalgamated Bank reduced its stake in shares of Hawaiian Electric Industries, Inc. (NYSE:HE – Get Rating) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,922 shares of the utilities provider's stock after selling 2,759 shares during the period. Amalgamated Bank owned 0.07% of Hawaiian Electric Industries worth $3,170,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. First Affirmative Financial Network raised its position in Hawaiian Electric Industries by 3.7% during the 1st quarter. First Affirmative Financial Network now owns 7,406 shares of the utilities provider's stock worth $313,000 after purchasing an additional 261 shares during the last quarter. Bank of Montreal Can grew its holdings in Hawaiian Electric Industries by 3.0% during the 1st quarter. Bank of Montreal Can now owns 13,673 shares of the utilities provider's stock worth $584,000 after acquiring an additional 403 shares during the period. First Pacific Financial grew its holdings in Hawaiian Electric Industries by 3.4% during the 1st quarter. First Pacific Financial now owns 13,380 shares of the utilities provider's stock worth $566,000 after acquiring an additional 436 shares during the period. Louisiana State Employees Retirement System grew its holdings in Hawaiian Electric Industries by 1.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 28,600 shares of the utilities provider's stock worth $1,272,000 after acquiring an additional 500 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Hawaiian Electric Industries by 4.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,017 shares of the utilities provider's stock worth $593,000 after acquiring an additional 598 shares during the period. 53.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Evercore ISI decreased their price target on Hawaiian Electric Industries to $40.00 in a report on Monday, August 15th. StockNews.com downgraded Hawaiian Electric Industries from a "buy" rating to a "hold" rating in a report on Tuesday, August 9th. Finally, Bank of America downgraded Hawaiian Electric Industries from a "neutral" rating to an "underperform" rating and set a $43.00 price target for the company. in a report on Thursday, August 18th.

Hawaiian Electric Industries Stock Performance

Hawaiian Electric Industries (NYSE:HE – Get Rating) last issued its earnings results on Monday, August 8th. The utilities provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). Hawaiian Electric Industries had a net margin of 7.53% and a return on equity of 10.38%. During the same period last year, the company earned $0.58 earnings per share. On average, equities research analysts predict that Hawaiian Electric Industries, Inc. will post 2.13 EPS for the current fiscal year.

Hawaiian Electric Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Thursday, August 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.73%. Hawaiian Electric Industries's dividend payout ratio is presently 63.93%.

Hawaiian Electric Industries Profile

(Get Rating)

Hawaiian Electric Industries, Inc, together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.

See Also

• Get a free copy of the StockNews.com research report on Hawaiian Electric Industries (HE)
• MarketBeat: Week in Review 9/19 – 9/23
• Why Does Tesla Stock Remain Resilient?
• 2 Semiconductor Stocks To Watch For Reversals
• Will Crowdstrike Get A Boost From Increased EPS Guidance?
• Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?

Receive News & Ratings for Hawaiian Electric Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Electric Industries and related companies with MarketBeat.com's FREE daily email newsletter.